Category: Uncategorized
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FSRA Tightens Oversight on Private Mortgages in Ontario
FSRA’s 2024-2025 plan focuses on protecting consumers in the expanding private mortgage market. Private mortgages hit 20.4% of market volume and 15.6% by value in 2023, increasing from 2022.
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Future Milton development to bring homes, jobs for 57,000 residents
Milton council is advancing the Britannia Secondary Plan, covering a 900-hectare area along Britannia Road, aimed at accommodating a population of about 57,000 in over 17,000 dwelling units and creating 9,300 jobs. The plan features five distinct neighborhoods, with a central Urban Village Centre designed as a transit-friendly hub. It includes diverse housing options, parks,…
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Mississauga’s Median Rent: Late-Fall Update
As of November 2024, the median rent for all bedroom counts and property types in Mississauga is $2,575, ↓ 5% yearly. Mississauga's median rent is 36% higher than the national avg, with the avg rent per sq ft at $3.15. Apartments in Mississauga rent for $2,500 on avg (↑ 8%), while condos avg $2,650 (↑…
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Niagara Market Update
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Where to find 3-bedroom homes for under $1M in the Greater Toronto Area
Finding a three-bedroom home for under $1 million in the Greater Toronto Area is challenging, but a study by Wahi identifies 11 communities where this is possible. Most are in Durham Region, including Scugog, Pickering, Ajax, Whitby, Clarington, Oshawa, and Brock. The lowest median price is in Brock at $720,000, while King has the highest…
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Underbidding Dominates GTA Market in Early-Q4
In October 2024, 70% of homes in the GTA sold for below their list price. Despite increased sales, overbidding activity remains low across the Greater Toronto Area.
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GTA Home Sales Soar 44% in Early-Q4
In October, home sales in the Greater Toronto Area surged by 44.4% year-over-year, with 6,658 transactions. Toronto saw 2,509 home sales, a 37.6% increase, while other GTA areas rose by 48.9% to 4,149 sales.
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Urgent Call for Rent-Geared Housing in Ontario
Norfolk and Haldimand face rising demand for rent-geared-to-income (RGI) and affordable housing, with long waits.By 2031, over 18K residents will require housing support, increasing from the current 14,217.
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GTA Faces 50-Month Condo Supply Glut
The Greater Toronto Area faces a condo supply glut, with nearly 40,000 units unsold or unoccupied. This includes 24,000 unsold new units, 9,000 resale listings, and 5,000 newly completed assignments.
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GTA Home Sales Rebounding: Stronger Winter Predicted
The GTA housing market showed signs of recovery with an 8.5% increase in home sales. If interest rates continue to decline, a winter surge in home sales and prices is anticipated.